Ask an Advisor: I'm 49 With $500k Saved but Unsure About Retirement Income. What Are My Best Options Without Costly Annuities?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 49 years old and I’ve had a steady job for over 15 years now as a government contractor. I plan to retire at around 65. I have $500,000 in savings between my 401(k), IRA and individual savings accounts. I’m renting, I don’t have any debt and I have a small family of three. I’m concerned about my sources of income in retirement. I do not have a pension but I live below my means of income. I read about an ...